Fed's Daly expects artificial intelligence to boost productivity growth and says positive signs are emerging.

The Baltic Dry Index (BDI) fell 2 points, or 0.1%, to 3,224 on Friday but recorded a second consecutive monthly gain as demand across vessel classes stayed firm, leaving the index near its highest level since December 2023. The Capesize index (BCI) dropped 14 points, or 0.3%, to 5,503 — up about 27% month-to-date — with Capesize daily earnings down $127 to $46,411. The Panamax index (BPI) rose 12 points, or 0.5%, to 2,343 for a second month of gains; Panamax daily earnings increased $108 to $21,086. The Supramax/Ultramax index (BSI) was unchanged at 1,569, also posting a second monthly rise. The Handysize index (BHSI) gained 4 points to 851.

Spot gold rallied intraday to $4,560/oz, up 1.43% on the day. New York futures climbed above $4,600/oz, rising 1.49% on the day.